Dubai real estate transactions reached AED90.62bn ($24.67bn) in the third quarter of 2026 across 36,738 residential and commercial deals, according to data released by Springfield Properties, a Dubai-based real estate firm. Within the price-band data captured for the quarter, homes priced below AED3m (about $817,000) accounted for 84.28 per cent of transactions, up from 82.45 per cent in the second quarter — meaning the market’s deal count continues to be dominated by entry- and mid-priced homes even as total transaction value posted a strong quarter. That share is a measure of transaction count, not of total value, and the data does not break out what portion of the AED90.62bn came from each price band.
Within that lower band, the AED1m-to-AED3m bracket ($272,000 to $817,000) was the single largest segment, representing 44.04 per cent of transactions, while properties under AED1m ($272,000) made up a further 40.24 per cent. Residential property overall accounted for AED72.58bn ($19.76bn) across 33,949 transactions. Off-plan remained the largest residential segment by value, recording AED41.58bn ($11.32bn) across 23,457 transactions, while the secondary market recorded AED30.83bn ($8.39bn) across 10,442 transactions — secondary-market value rose 24.22 per cent quarter-on-quarter, outpacing a 22.52 per cent rise in transaction volume.
Average prices varied by property type: villas recorded the highest average at AED2,216 ($603) per square foot, ahead of apartments at AED1,794 ($488) and townhouses at AED1,341 ($365) per square foot. Dubai South was the most active residential location by transaction count, with 5,165 deals at an average of AED1,690 ($460) per square foot, ahead of Jumeirah Village Circle (2,312 transactions, up from 1,992 in the second quarter) and Downtown Jebel Ali (1,890 transactions); Business Bay, Dubai Creek Harbour and Dubai Marina were also among the most active locations.
Commercial property added AED18.04bn ($4.91bn) across 2,789 transactions. Land was the largest commercial category by value (AED6.91bn/$1.88bn, 38.3 per cent of commercial sales value), offices were the most actively traded asset (1,123 transactions worth AED4.35bn/$1.18bn, up from 1,005 transactions in the second quarter), and whole-building deals totalled AED3.64bn ($991m) across 87 transactions, representing 20.18 per cent of commercial sales value compared with 13.4 per cent in the second quarter.
Farooq Syed, CEO of Springfield Properties, said the breadth of development across the city is “giving buyers access to more locations, property types and price points, while supporting the housing needs of a growing resident population.” He added that continued investment in infrastructure and connectivity is “opening new residential corridors and creating opportunities for buyers across different parts of the city.”
References
Arabian Business – Dubai Real Estate Hits $24.7bn in Q3 as 84% of Property Deals Fall Below $817,000
